No Reserve Extemely Nice Series 2 Spider Veloce on 2040-cars

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Stellantis earnings rise along with EV sales

AMSTERDAM — Automaker Stellantis on Wednesday reported its earnings grew in 2022 from a year earlier and said its push into electric vehicles led to a jump in sales even as it faces growing competition from an industrywide shift to more climate-friendly offerings. Stellantis, formed in 2021 from the merger of Fiat Chrysler and FranceÂ’s PSA Peugeot, said net revenue of 179.6 billion euros ($191 billion) was up 18% from 2021, citing strong pricing and its mix of vehicles. It reported net profit of 16.8 billion euros, up 26% from 2021. Stellantis plans to convert all of its European sales and half of its U.S. sales to battery-electric vehicles by 2030. It said the strategy led to a 41% increase in battery EV sales in 2022, to 288,000 vehicles, compared with the year earlier. The company has “demonstrated the effectiveness of our electrification strategy in Europe,” CEO Carlos Tavares said in a statement. “We now have the technology, the products, the raw materials and the full battery ecosystem to lead that same transformative journey in North America, starting with our first fully electric Ram vehicles from 2023 and Jeep from 2024.” The automaker is competing in an increasingly crowded field for a share of the electric vehicle market. Companies are scrambling to roll out environmentally friendly models as they look to hit goals of cutting climate-changing emissions, driven by government pressure. The transformation has gotten a boost from a U.S. law that is rolling out big subsidies for clean technology like EVs but has European governments calling out the harm that they say the funding poses to homegrown industry across the Atlantic. Stellantis' Jeep brand will start selling two fully electric SUVs in North America and another one in Europe over the next two years. It says its Ram brand will roll out an electric pickup truck this year, joining a rush of EV competitors looking to claim a piece of the full-size truck market. The company plans to bring 25 battery-electric models to the U.S. by 2030. As part of that push, it has said it would build two EV battery factories in North America. A $2.5 billion joint venture with Samsung will bring one of those facilities to Indiana, which is expected to employ up to 1,400 workers. The other factory will be in Windsor, Ontario, a collaboration with South KoreaÂ’s LG Energy Solution that aims to create about 2,500 jobs. The EV push comes amid a slowdown in U.S.

The Alfa Giulia Quadrifoglio set a lap record at Silverstone with someone driving blind

Alfa Romeo announced today that its Giulia Quadrifoglio super sedan set a new lap record at Silverstone that nearly matched one put down by one of its Formula 1 cars in 1951. The F1 car set a time of 1:44, and the Giulia finished in 1:44.3. That may seem a bit slow for a modern 505-horsepower sports sedan, but it makes more sense when you realize the Giulia in question had black vinyl over the windows to keep the driver, Ed Morris, from seeing where he was going. Apparently Alfa thinks a clear view makes driving too easy. To get around the substantial handicap, Morris was assisted by directions from another driver in a following Giulia Quadrifoglio. The other driver, David Brise, radioed directions to Morris to get him around the track – and avoid crashing. Over the course of two days, the duo got the hang of it and set the aforementioned lap time. They even reached speeds of over 100 mph. You can see them practicing and setting the time in the video above. It was a cute record to set, but we're hoping blindfolded Nurburgring laps aren't next. Related Video:

2024 Alfa Romeo Tonale First Drive: An electrifying Italian alternative

MILAN, Italy – Chicken or egg? ItÂ’s often a matter of perspective. In this case, the 2023 Dodge Hornet is based on the 2024 Alfa Romeo Tonale – itÂ’s even built in Italy – yet it was the Dodge that arrived first on American shores. By the narrowest of margins, true, but it happened nevertheless. That leaves the Tonale (pronounced "toe-nal-ay," not "toe-nail") to carve out a premium niche for itself above the buzzy Italian-American.   How? For starters, the Tonale is exclusively available as a plug-in hybrid in the United States. Only Canada and Mexico will get the lower-output, gasoline-only variant. Producing 285 horsepower and 347 pound-feet of torque combined, the plug-in powertrain consists of a 1.3-liter turbocharged four-banger and six-speed automatic transmission up front and a 121-horsepower electric motor on the rear axle. ThereÂ’s no physical connection between them, so power from the gas engine canÂ’t be sent rearward or vice versa. That means the Tonale is effectively rear-wheel drive when in electric-only mode. It can run like that for more than 30 miles if the 15.5-kilowatt-hour battery is fully charged, which requires about 2.5 hours on a level 2 setup. Provided you donÂ’t ask more of the powertrain than the battery and motor are able to deliver, it will putter along in combustion-free silence. Mashing the throttle will engage the gas engine no matter what hybrid mode youÂ’re in; more on those below. The standard Tonale is equipped with a MacPherson strut suspension with Frequency Selective Damping (FSD) shocks. They may sound like fancy electronic dampers but FSD shocks do their magic without any digital intervention. While not as sharp as performance-tuned shocks, nor as comfortable as those engineered to deliver the best ride, they offer a solid balance that is much less costly or complex than the adaptive setup that comes standard on the range-topping Veloce model. The VeloceÂ’s adaptive suspension is incorporated into Alfa's "DNA" drive mode selection system, tightening up in “Dynamic” and backing off in “Natural” and “Advanced Efficiency.” The TonaleÂ’s other sporty add-ons — aluminum steering column-mounted paddle shifters, aluminum pedals and red Brembo calipers with white Alfa Romeo script — are part of the “High Performance Driving Package,” which is optional on the mid-range Sprint and baked into the Veloce. The hybrid modes mentioned earlier exist outside the D-N-A dial.